scholarly journals Metody wyznaczania funkcji wynagrodzeń oraz szacowania okresu zwrotu i stopy zwrotu indywidualnych inwestycji w wyższe wykształcenie / Methods of estimation of wage function, period of return and rate of return of individual investments in higher education

2016 ◽  
Author(s):  
Krzysztof Natalli
Keyword(s):  
Higher Education ◽  
Rate Of Return ◽  
Wage Function

scholarly journals Selection Satisfaction and Attributes of Higher Education Institutions: Mediation of Information Satisfaction

Society ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 228-240
Author(s):  
Irfandi Buamonabot ◽  
Muhammad Asril Arilaha ◽  
Johan Fahri
Keyword(s):  
Higher Education ◽  
Regression Analysis ◽  
Higher Education Institutions ◽  
Effective Rate ◽  
Rate Of Return ◽  
Hierarchical Regression ◽  
Hierarchical Regression Analysis ◽  
Information Availability ◽  
Independent Variable ◽  
The Relationship

This study aimed to examine the satisfaction of information availability in mediating the relationship between attributes of and satisfaction in choosing higher education institutions for Universitas Khairun and IAIN Ternate. A total of 252 students from both institutions were involved in this survey, with an effective rate of return of 70%. A hierarchical regression analysis was run by using IBM SPSS version 24. The results showed that for Universitas Khairun, information satisfaction fully mediates the relationship between attributes and satisfaction in choosing a university. In contrast, for IAIN Ternate, information satisfaction is only an independent variable. The implications and suggestions for further research are also discussed in this study.

scholarly journals How Do Marital Status And Gender Affect The PRR To A University Degree In Australia?

2011 ◽  
Vol 4 (7) ◽  
pp. 19
Author(s):  
Sarah Wright
Keyword(s):  
Higher Education ◽  
Marital Status ◽  
Rate Of Return ◽  
Income Data ◽  
And Gender ◽  
The Cost ◽  
University Degree ◽  
The Impact ◽  
Private Rate ◽  
Housing Survey

While Australian evidence suggests that the Private Rate of Return (PRR) to a university degree in Australia has gradually declined with increases in the cost of higher education, these studies have only measured the PRR for the average male and average female. This paper uses income data from the ABS Income and Housing Survey (2003-04) CURF to measure the impact of the 2005 increase in HECS fees on the PRR based on gender and marital status. This paper shows that the return to a university degree is largely affected by both gender and marital status and studies that measure the PRR to a university degree for single males and single females with no dependent children underestimate the PRR for most male graduates and overestimate the PRR of female graduates.

scholarly journals Macro- and microeconomic risks of student loans in an international context

2015 ◽  
Vol 65 (4) ◽  
pp. 629-649
Author(s):  
Máté Vona
Keyword(s):  
Higher Education ◽  
Student Loans ◽  
Student Loan ◽  
Return To Education ◽  
Rate Of Return ◽  
Tuition Fees ◽  
International Context ◽  
Post Secondary ◽  
Rational Investment ◽  
Investment Behaviour

The risk of individual investment in higher education is not a well-researched topic compared to the rate of return to education. In many countries tuition fees are low, but there is a possibility to borrow for investment in education. This can lead to irresponsible investment behaviour. The paper will show that the student loan market is too small to cause a macroeconomic crisis, but that it is a market with many stakeholders and irresponsible behaviour should not be encouraged. With the examination of a Hungarian sample, it can be concluded that in the context of higher education, signs of rational investment behaviour can be found. The risks of post-secondary studies are not yet fully understood and measured, and for this reason further research is suggested.

scholarly journals Returns to Investment in Distance Learning: the Case of Greece

2019 ◽  
Vol 12 (3) ◽  
pp. 94
Author(s):  
George Agiomirgianakis ◽  
Theodore Lianos ◽  
Nicholas Tsounis
Keyword(s):  
Higher Education ◽  
Distance Learning ◽  
Fixed Effects ◽  
Selection Process ◽  
Private Investment ◽  
Point Of View ◽  
Return To Education ◽  
Rate Of Return ◽  
Type Model ◽  
Data Set

In this paper we extent the literature on the rate of return to investment in Higher Education towards studies in distance learning Universities. In particular, we explore the difference in returns between graduates of a distance learning university (the Hellenic Open University - HOU) and applicants that were excluded by this university’s random selection process and did not study elsewhere. The data set was extracted from a database compiled from responses to a questionnaire which was part of a survey concerning HOU (the only Distance-learning University in Greece). A modified Mincer type model was estimated with fixed effects. Our findings suggest that graduates that have obtained a first degree from HOU enjoy a rate of return to education of about 8% higher than the rate of return obtained by those high school graduates that were not selected by this university. Moreover, Master’s degree graduates get about a 16.5% higher rate of return to education relatively to those applicants that were not selected for studies in HOU and did not study elsewhere. Additionally, our findings also show that the rates of return for higher education are high even after the 2008 economic crisis. These results suggest a straightforward policy implication: a distance learning University may not only be considered as a second chance to education for mature students, often facing time and budget restrictions, but, it may also be seen as a worthwhile private investment enabling a much higher private return. Moreover, from policymakers’ point of view, a distance learning university can be seen as a vehicle to reduce income inequalities and thus increase social mobility.

scholarly journals Consumer Valuation Of Higher Education And Adjusted Rates Of Return

2005 ◽  
Vol 2 (3) ◽  
Author(s):  
Stephanie Owings-Edwards
Keyword(s):  
Higher Education ◽  
Peer Group ◽  
College Education ◽  
Wage Equation ◽  
Rate Of Return ◽  
Intellectual Stimulation ◽  
Rates Of Return ◽  
Use Of Data ◽  
Consumer Valuation ◽  
A Value

This paper regards higher education as a bundle of services. This approach yields a rate of return which is between 0.5% and 4.1% higher than previously calculated. This paper makes use of data which shows how much students actually paid to attend college, a value which is often very different than the stated tuition. When students purchase the college bundle they are buying labor market skills, intellectual stimulation, a peer-group, socializing opportunities and a network of contacts. I identify which elements of the education bundle consumers wish to purchase. If a consumer purchases a good which enhances his income that purchase can be regarded as an investment. Otherwise it is regarded as a consumption good. Using a standard wage equation, which includes the elements of the education bundle consumers are willing to purchase, I confirm there are both consumption and investment aspects to the purchase of higher education. This implies previous rate of return calculations underestimated the investment return on a college education.

scholarly journals The Return of Investment on Tertiary Education in Malaysia

2012 ◽  
Vol 3 (6) ◽  
pp. 183-192 ◽  
Author(s):  
John Taskinsoy
Keyword(s):  
Higher Education ◽  
Tertiary Education ◽  
Rate Of Return ◽  
Published Data ◽  
Common Belief ◽  
Direct Link ◽  
Return Of Investment ◽  
The Future ◽  
1 John ◽  
Education Degree

This paper examines the rate of return on higher education to first degrees, master’s degrees, and PhDs in Malaysia using previously published data. The purposes of this research are to study and identify whether or not there is a direct link between tertiary education and wages. Barbara Ischinger, Director for Education, points out ‘‘Education has always been a critical investment for the future, for individuals, for economies and for societies at large.’’1 John F. Kennedy once said; ‘’Let us think of education as the means of developing our greatest abilities, because in each of us there is a private hope and dream which, fulfilled, can be translated into benefit for everyone and greater strength for our nation.’’ 2 A common belief existing in all societies suggests that tertiary education degree actually provides great pay-off to the beneficiary. According to the results of some recent surveys on this topic, students in general seem to agree with this common belief that they will have positive returns immediately after graduation.

scholarly journals Estimating the Return of Higher Education in Algeria: Evidence From Adrar University

2018 ◽  
Vol 6 (4) ◽  
pp. 118
Author(s):  
Benlaria Houcine ◽  
Mostéfaoui Sofiane
Keyword(s):  
Higher Education ◽  
General Trend ◽  
University Education ◽  
Rate Of Return ◽  
Economic Returns ◽  
Model Application ◽  
Typical Situation ◽  
The Individual ◽  
The Relationship ◽  
Individual Rate

This study aims to measure the individual rate of return for investment in higher education at Adrar University by using both basic and extended Mincerian Earnings Function. In addition to this, the comparison had been established between the results obtained and those of other researches in the same domain.We adopted in the research the model of Mincer in evaluating the rate of the economic returns according to previous classifications and the effective experience got by the individual in the work (measured by years). The result of the model application states that the economic return of university education in Algeria has been improved by 8.49% based on the benchmark of Psacharopoulos International Return measured by 9.8%.We conclude that there is no general trend by which we can interpret the results but this lack of interpretation refers to the typical situation of the Algerian economy and its impact on the human capital (education specifically) as it is known that the relationship between the economic development and the human development is positive.

scholarly journals Internal Rate of Return on Investment in Higher Education in Europe

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Janusz Jablonowski
Keyword(s):  
Higher Education ◽  
Return On Investment ◽  
Household Finance ◽  
Type Equation ◽  
Rate Of Return ◽  
Eastern European ◽  
Internal Rate Of Return ◽  
High School Degree ◽  
Increasing Trend ◽  
Mincer Equation

Abstract The study aims to update the well-settled issue in literature of rate of return on investment in higher education in Europe. The proposed approach slightly modifies the existing methodology based on the Mincer equation, using an updated set of data for the period 2014–2016 from the European Central Bank's ‘Household Finance and Consumption Survey’. The results obtained, ranging between 13% and 21%, are higher compared to historical records for the years 1996–2013. As for the microeconometric estimates of the Mincer-type equation, they are sound and comparable, although showing higher margins in relation to the recent figures. Thus, they may suggest an increasing trend in valuation and importance of human capital based on high school degree, especially for the Central–Eastern European Union countries, resulting probably from rapid economic and cultural convergence.

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